Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of nicotinic receptor agonists and antagonists. It plays a role in the development of drugs targeting neurological disorders such as Alzheimer's disease, Parkinson's disease, and schizophrenia. Also employed in the preparation of agrochemicals, including certain insecticides and herbicides, due to its ability to enhance binding selectivity in bioactive molecules. Its nitrile and ester functional groups allow for versatile chemical transformations, making it valuable in medicinal chemistry and heterocyclic compound development.